Is Chrysalis Center Real Estate Corporation Legit?
Quick charity verification for Chrysalis Center Real Estate Corporation (EIN: 200243489)
Verdict: Chrysalis Center Real Estate Corporation appears trustworthy
85/100Mission Score
$3.2MRevenue
$63.3MAssets
1Red Flags
4Strengths
Red Flags
0% officer compensation reported, which is highly unusual for an organization of this scale and could indicate compensation is paid by a related entity not reflected in these filings.
Strengths
Significant and consistent asset growth, from $13.6 million in 2014 to over $63.2 million currently, indicating strong financial health and capacity.
Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Positive net assets across all reported periods, reflecting financial stability.
Strong revenue generation, with a peak of $7.6 million in 2023, supporting its operations and asset accumulation.
Spending Breakdown
How Chrysalis Center Real Estate Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Chrysalis Center Real Estate Corporation
Is Chrysalis Center Real Estate Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chrysalis Center Real Estate Corporation (EIN: 200243489) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Chrysalis Center Real Estate Corporation a good charity to donate to?
Chrysalis Center Real Estate Corporation has a Mission Score of 85/100. Revenue: $3.2M. Assets: $63.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chrysalis Center Real Estate Corporation?
The Employer Identification Number (EIN) for Chrysalis Center Real Estate Corporation is 200243489. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Chrysalis Center Real Estate Corporation spend its money?
Chrysalis Center Real Estate Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chrysalis Center Real Estate Corporation's tax-exempt status?
You can verify Chrysalis Center Real Estate Corporation's tax-exempt status using EIN 200243489 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Chrysalis Center Real Estate Corporation demonstrates a strong financial position, with assets growing significantly from $13.6 million in 2014 to over $63.2 million currently. The organization consistently reports positive net assets, indicating financial stability. While specific program spending details are not provided in the summary data, the NTEE code S47 (Housing Development, Construction & Management) suggests its primary activities are capital-intensive, which aligns with the substantial asset growth. The organization's revenue has shown considerable fluctuation over the years, from $3.0 million in 2014 to a peak of $7.6 million in 2023, reflecting potential project-based funding or real estate development cycles. Expenses have also increased, but generally at a slower rate than revenue, contributing to asset accumulation.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect is the reported 0% officer compensation across all available periods, which suggests that executive leadership may be compensated through a related entity or that the organization operates with a volunteer executive structure, which would be a significant indicator of efficiency if the latter. Further investigation into the relationship with Chrysalis Center, if any, would clarify the full compensation picture. Overall, the organization appears financially robust and transparent in its public filings.